Malibu Boats, Inc. (NASDAQ:MBUU) CEO Jackie D. Jr. Springer sold 40,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $31.20, for a total transaction of $1,248,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Jackie D. Jr. Springer also recently made the following trade(s):

  • On Friday, November 10th, Jackie D. Jr. Springer sold 40,000 shares of Malibu Boats stock. The shares were sold at an average price of $27.76, for a total transaction of $1,110,400.00.

Malibu Boats, Inc. (MBUU) traded down $0.24 during trading hours on Wednesday, reaching $29.50. 185,310 shares of the company’s stock were exchanged, compared to its average volume of 193,673. The firm has a market capitalization of $635.88, a price-to-earnings ratio of 18.58, a PEG ratio of 1.07 and a beta of 1.00. Malibu Boats, Inc. has a 52-week low of $17.17 and a 52-week high of $33.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.71 and a current ratio of 1.46.

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in Malibu Boats in the second quarter valued at about $116,000. Susquehanna International Group LLP acquired a new position in shares of Malibu Boats during the second quarter worth approximately $200,000. Stevens Capital Management LP acquired a new position in shares of Malibu Boats during the second quarter worth approximately $201,000. Laurion Capital Management LP acquired a new position in shares of Malibu Boats during the second quarter worth approximately $211,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Malibu Boats during the second quarter worth approximately $211,000.

MBUU has been the topic of a number of analyst reports. ValuEngine cut shares of Malibu Boats from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Aegis assumed coverage on shares of Malibu Boats in a research report on Monday, October 2nd. They issued a “buy” rating and a $37.00 price target on the stock. SunTrust Banks restated a “buy” rating and issued a $32.00 price target (up from $30.00) on shares of Malibu Boats in a research report on Friday, September 8th. BMO Capital Markets restated a “buy” rating and issued a $32.00 price target on shares of Malibu Boats in a research report on Friday, October 13th. Finally, KeyCorp restated a “buy” rating and issued a $31.00 price target on shares of Malibu Boats in a research report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $32.31.

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Malibu Boats Company Profile

Malibu Boats, Inc is a designer, manufacturer and marketer of performance sport boats. The Company’s segments include the U.S. and Australia. Each segment is engaged in the manufacturing, distribution, marketing and sale of performance sport boats. Its U.S. segment serves markets in North America, South America, Europe and Asia.

Insider Buying and Selling by Quarter for Malibu Boats (NASDAQ:MBUU)

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